Share Your Number
KC's Discussions
Investing 101 for Numberers - The basic things you should know.
3 Replies
Started this discussion. Last reply by KC Dec. 15, 2008.
Social Enterprise? Profit still required!
Latest Activity
---
Any of the Rich Dad, Poor Dad series (including the board game and private member's only advice on how the rich use options to boost their investment) although there is one that claims to be specifically for the teenager.
The 4 hour workweek (…
KC, I too advocate a "hands off/automatic" approach to many of my menial money management tasks. Follow the link for an article that I wrote on my personal blog regarding this topic. I hope it adds to the discussion.
---
@James. Good points!
To know when to buy and when to sell your target stocks, you might also like to have a look at a further post on "Rule #1" which walks you through how to setup MSN Money to see the recommended indicators.
How to set Rule…
I too recently read this book and found it enjoyable. I'm intrigued by the theory, although I'm remaining cautiously sceptical, especially having read "Fooled by Randomness" and its successor, "The Black Swan" (both by Nassim Taleb). However, given…
---
@Alex. Yes, wouldn't that be great? A lot of the digital nomads set their business up so that they can administer it from anywhere in the world where they can get an internet connection, so it doesn't matter that they're travelling.
Some even…
I like this, especially because one of my goals for reaching my number is to be able to travel whenever and wherever. I plan to spend a good deal of time seeing the world and being on the move after I reach my 35 by 35 goal.
Comment Wall (11 comments)
- At 12:46am on July 23, 2009,
Ari said… - 1. Didn't say I want anyone to read my blog, just said it exists. I try and keep a low profile.
2. worldwide, we have local (TASE), and we're very convenient to Europe, and there a fair amount of Israeli companies on the NASDAQ. I have a portfolio strategy but it's not the anchor of my growth.
- At 1:39pm on June 9, 2009,
Trey & Juliana said… - Thanks, I will have to check it out. I just figure there has to be a way to make extra $$$ other than my day job..to get money to pay down debt and to invest on my journey.
- At 2:39am on December 22, 2008,
Julian Hebbrecht said…
- A few short answers to your questions:
Nobody is ever far from an English conversation school in Japan. There are schools in every town.
All kids have to study English from junior high school onwards in Japan and most of them hate it because English is taught in Japanese for passing the tests. No spoken English is necessary for passing those tests.
Shakespeare English for Japanese kids? You've got to be kidding!
I don't have the space, the patience and the desire to teach pre-schoolers or kiddies. This market is also pretty saturated.
The market for Japan - Australian exchanges and also New Zealand is pretty well saturated as well. Lots of conversation schools and middle-men provide those services already
So let's not continue this English teaching conversation because it would take me a lot of time to explain all the details of the English teaching situation in Japan and I don't want to spend my time on this.
- At 5:10pm on December 21, 2008,
- Thanks for your message. It's obvious that you know little of the market for English teaching in Japan because there are plenty of web sites already with tons of free information about teaching English in Japan. I don't think I can add anything too that that has not been written yet. I don't know how I could make any money from knowledge that is freely available on the web. Google gives you 7,840,000 websites on this topic, go figure. My personal style of teaching is just that, personal, and my students seem to like it.
The competition among English language schools in Japan is fierce. There are three big language schools right in front of the station with huge advertising budgets, several other ones also quite large, and as the smallest fish in town, I have to work hard to get new students.
- At 8:05am on December 6, 2008,
KC said…
- "Ways forward". I'm not sure what I should do to move forward towards My Number, and I know I share this uncertainty with at least one other member of this community. So maybe we can all be encouraged to start some posts with suggestions, where the post titles perhaps all start with: "Ways forward". Please provide suggestions if you think you have suggestions that may be helpful to others in this community. Thanks.
- At 11:47am on December 5, 2008,
Diane said… - Yes, it's confusing to me that charities would need to "invest" the money they are given - why aren't they spending it on the charity's interest? If you yourself were making a loan to someone else and they paid it back, you could do it to the highest risk person you want and not have to charge break-my-arms-and-take-my-first-born rates, too. Those are options each of us have.
Sounds a bit more like the charities are only wanting to be big business themselves (perhaps for the tax breaks they get)? How's that for depressing?
- At 3:14am on December 5, 2008,
- Sorry, I can't find your latest comment.
- At 3:20pm on December 4, 2008,
Adrian said… - Thanks for logging with Technorati, KC.
- At 2:57pm on December 4, 2008,
Diane said…
- KC - your life's purpose seems to suggest a solution to the world's problem by throwing money toward the poor, yet in a way where you are interested in perhaps providing small loans they can repay. You might be interested in a book called Influence: The Power to Change Anything (authors: Patterson, Grenny, Maxfield, McMillan, Switzler - so you won't confuse it with others of similar titles) that talks about such loans in India and how people help each other. One entrepreneur was making loans of $25 or less, which was a lot of money for those he was loaning the money to - and had good results. The man was actually a Nobel Laureate named Mahammud Yunus, so maybe you can read about this online as well (rather than find the book). Very inspirational and like what you are thinking about, too, I think.
- At 8:09pm on December 3, 2008,
Debbie said… - I love your life's purpose. Do you contribute to Kiva? I found out about Kiva.org when doing credit card articles for a client awhile back. There is a credit card that offers a rewards program where the rewards are in the form of contributions to Kiva... nice concept.
Profile Information
- What's Your Number?
- 25000000
- What's Your Date?
- September 1, 2014
- What's Your Life's Purpose?
- Make the money for funding philanthropy to assist others to make money to improve their social conditions themselves.
KC's Blog
Millionaire lifestyle for less.
---
Further to a comment I made on Diane's Comment Wall, I thought I'd broaden the number of people who could become aware of the idea through this blog-post.
Essentially this is what I said:
I especially like the way you took up the "4 hour workweek" idea that it might be quite possible to have a millionaire lifestyle when you have far less money - in the book he checked the prices and found it was quite possible if you went and visited Argentina, as a for instance.
You might be interest… Continue
Further to a comment I made on Diane's Comment Wall, I thought I'd broaden the number of people who could become aware of the idea through this blog-post.
Essentially this is what I said:
I especially like the way you took up the "4 hour workweek" idea that it might be quite possible to have a millionaire lifestyle when you have far less money - in the book he checked the prices and found it was quite possible if you went and visited Argentina, as a for instance.
You might be interest… Continue
Posted on August 1, 2009 at 11:00am — 2 Comments
Virtual stock exchange - am I any good at this?
---
It's been mentioned a few times on here that people who want to become more familiar with trading stocks should consider opening a free account on a virtual stock exchange that uses real stock quotes but with pretend-money. This is often called… Continue
It's been mentioned a few times on here that people who want to become more familiar with trading stocks should consider opening a free account on a virtual stock exchange that uses real stock quotes but with pretend-money. This is often called… Continue
Posted on July 31, 2009 at 7:18pm — 1 Comment
Finances out of control - automation could be the answer!
---
The "I will teach you to be rich" guy Ramit tells how to get a grip on your personal finances, where he guest-blogs on the "Four Hour Workweek" blog of Timothy Ferriss.
Automate a bulletproof personal finance system
Have any questions? Write it here to get an answer from the blog-poster.… Continue
The "I will teach you to be rich" guy Ramit tells how to get a grip on your personal finances, where he guest-blogs on the "Four Hour Workweek" blog of Timothy Ferriss.
Automate a bulletproof personal finance system
Have any questions? Write it here to get an answer from the blog-poster.… Continue
Posted on July 30, 2009 at 2:32pm — 2 Comments
Broke - the movie. Turtle fan and trend-follower Covel makes a documentary.
---
Michael Covel travels worldwide to ask finance professionals, and ordinary people, how the Credit Crunch has affected them, and why it occured.
Broke: the movie webpage… Continue
Michael Covel travels worldwide to ask finance professionals, and ordinary people, how the Credit Crunch has affected them, and why it occured.
Broke: the movie webpage… Continue
Posted on July 22, 2009 at 7:00am — 2 Comments
99% can't save a million in 20 years - Adrian reports.
---
I was just reviewing the section "Roadmap to riches" at 7million7years Roadmap link where I noticed that Adrian was contrasting that 99% of people can't save $1M in 20 years, so trying for $7M in 7 years was quite ambitious.
So I loaded up my spreadsheet program to see just how easy it ought to be for ordinary folk to get to $1M in 20 years.
If there was no interest rate, then you'd need to save $50k per annum for… Continue
I was just reviewing the section "Roadmap to riches" at 7million7years Roadmap link where I noticed that Adrian was contrasting that 99% of people can't save $1M in 20 years, so trying for $7M in 7 years was quite ambitious.
So I loaded up my spreadsheet program to see just how easy it ought to be for ordinary folk to get to $1M in 20 years.
If there was no interest rate, then you'd need to save $50k per annum for… Continue
Posted on July 18, 2009 at 3:00am — 4 Comments
About
Subscribe by e-mail
Blog Roll
Badge
© 2009 Created by Adrian on Ning. Create a Ning Network!
